Howden Joinery Group (LSE:HWDN) Debt-to-Equity : 0.70 (As of Dec. 2023)

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What is Howden Joinery Group Debt-to-Equity?

Howden Joinery Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £85 Mil. Howden Joinery Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £599 Mil. Howden Joinery Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £978 Mil. Howden Joinery Group's debt to equity for the quarter that ended in Dec. 2023 was 0.70.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Howden Joinery Group's Debt-to-Equity or its related term are showing as below:

LSE:HWDN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.6 Med: 0.73 Max: 0.81
Current: 0.7

During the past 13 years, the highest Debt-to-Equity Ratio of Howden Joinery Group was 0.81. The lowest was 0.60. And the median was 0.73.

LSE:HWDN's Debt-to-Equity is ranked worse than
76.12% of 381 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.35 vs LSE:HWDN: 0.70

Howden Joinery Group Debt-to-Equity Historical Data

The historical data trend for Howden Joinery Group's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Howden Joinery Group Debt-to-Equity Chart

Howden Joinery Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.81

0.60

0.76

0.70

Howden Joinery Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.60	0.70	0.76	0.81	0.70

Competitive Comparison of Howden Joinery Group's Debt-to-Equity

For the Furnishings, Fixtures & Appliances subindustry, Howden Joinery Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Howden Joinery Group's Debt-to-Equity Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Howden Joinery Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Howden Joinery Group's Debt-to-Equity falls into.

Howden Joinery Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Howden Joinery Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(85.3	+	599.2)	/	978.4
	=	0.70

Howden Joinery Group's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(85.3	+	599.2)	/	978.4
	=	0.70

Howden Joinery Group (LSE:HWDN) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Howden Joinery Group Debt-to-Equity Related Terms

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Howden Joinery Group (LSE:HWDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Howden Joinery Group PLC (LSE:HWDN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HWDJY:USA HWDJF:USA HWDNl:UK 10J:Germany

Address

40 Portman Square, London, GBR, W1H 6LT

Website

https://www.howdenjoinerygroupplc.com

Howden Joinery Group PLC is a U.K.-based company that manufactures, sources, and sells kitchen and joinery products. The Group's operations are mainly located in the United Kingdom with a small presence in France, Belgium, and the Republic of Ireland. It generates the majority of its revenue from the U.K. The firm caters to small, local homebuilders. The company's products are divided among its kitchen collection, which includes kitchen accessories and cabinets; the appliance collection, which includes ovens, refrigeration, dishwashers, and laundry; the doors and joinery collection, which includes internal, external, and sliding doors and frames; the hardware collection, which includes door handles and accessories; the flooring collection; and the bathroom cabinet collection.

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